RXM 0.00% 44.0¢ rex minerals limited

one of the hotties of 2008, page-11

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    Its not an olympic dam. Whilst the 270m intersection is a spectacular hit - look how it was drilled - straight down the narrow zanoi fault zone.

    Long intersection of mineralisation yes - but its width isn't as great. The drill holes that come back the other way through the fault show that the width isn't great. Nothing about the lateral extent though.

    Closer to Carapateena - which was a deep but relatively narrow IOCG discovery - than Olympic Dam.

    Still a significant discovery.

    No liquidity in this one is a bit of a pain otherwise I would of taken a position on open.
 
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